Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a635889

Aviva appoints Mark Wilson as chief executive

by Jun Merrett on Nov 20, 2012 at 12:58

Aviva appoints Mark Wilson as chief executive

Aviva has appointed Mark Wilson as its chief executive officer, ending its six month search for a boss.

John McFarlane, Aviva's chairman, who has been acting in an executive capacity whilst the company found a chief executive, will become non-executive chairman, when Wilson takes over as chief executive on 1 Januray 2013.

Wilson was previously chief executive and president of insurance company AIA Group from 2006 to 2010.

Aviva started its search for a new chief executive following its previous boss Andrew Moss' departure from the life company in May following shareholder pressure over his pay.

McFarlane said that Wilson faced similar challenges at AIA to what Aviva was going through today.

‘He navigated the company through the global financial crisis, narrowed the focus of the company, sold non-core businesses, turned round non-performing segments, and reduced risks and costs,' he said. 'From that foundation he implemented a successful revenue growth strategy.

‘His appointment follows a comprehensive global search process which produced a shortlist of exceptional internal and external candidates. The decision to appoint Mark was unanimous and I am confident he will not only execute the initial agenda currently in progress, but also steer the group forward successfully over the medium term.’

Wilson said that he will work with the Aviva board to ensure the company works to its full potential which it had not been doing before.

'It is acknowledged that over recent years the company has not performed to its potential. The chairman, John McFarlane, and the board have articulated the first stage of the strategy that addresses the immediate issues and I look forward to continue working closely with the board on these priorities. The company will initially be judged on the execution of that strategy and I intend to pursue the execution with rigour and focus.'

2 comments so far. Why not have your say?

Dante

Nov 20, 2012 at 18:12

Lets hope he has a sense of humour when admin loose his payslip

report this

Man in Black

Nov 20, 2012 at 19:53

Or when it takes 6 weeks for somebody to make him a cup of coffee as it goes through all the different departments with their archaic systems.

report this

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy


Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:

Look up the shares

  • Aviva PLC (AV.L)
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive


Read more...

Lucky escape: when firms avoid FCA fines

by Jun Merrett, Michelle Abrego on Jul 24, 2014 at 15:31

Sorry, this link is not
quite ready yet